Covid Impact Material Testing Market is projected to reach a value of over USD 928.8 million by 2027 at a CAGR of around 4.1%.

Material Testing Market: Summary

The Global Material Testing Market is projected to reach a value of over USD 928.8 million by 2027 at a CAGR of around 4.1%.

Material testing is referred to as characteristic and behavior measurements of a substance such as ceramics, plastics, or metals under various conditions. Material testing has been carried out in the processing and manufacturing industries along with educational institutions and research & development institutes across the globe. Advanced hybrid lightweight materials are increasingly being developed for application in a wide range of industries. Reduction of repetitive work, greater consistency & repeatability, objective assessment, and ease of access to information about test& testing are some of the benefits offered by material testing.

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Material Testing Market: Drivers &restraint

Market Driver:

• Growing Importance of Manufacturing Quality Products

The need for material testing equipment is escalating in various industries involved with utilizing a range of raw materials and testing their mechanical strength to improve and continue to maintain the quality of the product. Maintain quality of product helps to maintain customer satisfaction and loyalty and reduce the risk & cost of replacing faulty goods. Moreover, companies can establish a reputation for quality by gaining accreditation with some recognized quality standards such as ASTM Standards, and ISO Certification. Additionally, accreditation can help to win new customers or enter new markets by giving prospects independent confirmation to the ability to supply a quality product. Thus, the growing importance of manufacturing quality products coupled with various advantages has expected to drive the growth of the material testing market during the forecasted period.

Market Restraint:

• Wastage of Material Resources During Material Testing

Material testing is used across various industries to analyze physical, mechanical, and structural features of the material before the final product is been manufactured. However, material testing will destroy the least part of items which is under the test. Thus, testing will damage or completely ruin the material under test which cannot be used further for production. Thus, material testing leads to the wastage of material resources which may further hamper the growth of the market during the forecasted period.

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Material Testing Market: Key Segments

• Segmentation based on Type: Universal Testing Machines, Servohydraulic Testing Machines, Hardness Testing Equipment, and Impact Testing Equipment.
• Segmentation based on Material: Metals, Plastics, Rubber, Elastomer, Composites, and Others.
• Segmentation based on end-use: Automotive, Construction, Aerospace & Defense, Educational Institutions, and Others.
• Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America with individual country-level analysis.

Key Companies Covered

• Instron (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• UL LLC
• ZwickRoell GmbH & Co. KG
• MTS Systems Corporation
• Shimadzu Corporation
• Tinius Olsen Ltd
• AMETEK.Inc.
• ADMET, Inc.
• Hegewald & Peschke MPT GmbH
• Applied Test Systems
• Mitutoyo Corporation
• TA Instruments
• Torontech Inc
• Qualitest International Inc.
• Struers
• Controls S.p.A.
• Other Key Companies

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Material Testing Market: Report Segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Material Testing Market, by Type

• Universal Testing Machines
• Servohydraulic Testing Machines
• Hardness Testing Equipment
• Impact Testing Equipment

Material Testing Market, by Material

• Metals
• Plastics
• Rubber
• Elastomer
• Composites
• Others

Material Testing Market, by End-use

• Automotive
• Construction
• Aerospace & Defense
• Educational Institutions
• Others

Material Testing Market, by Region

• North America
• US
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
• Europe
• Germany
• UK
• France
• Italy
• Rest of Europe
• Middle East & Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Rest of South America

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Table of Content

1. INTRODUCTION
2. Research Objectives
3. Market Definition
4. Research Scope
5. Regional Coverage
6. Research Timeline
7. Assumptions
8. Limitations
9. RESEARCH DESIGN & SCOPE
10. Introduction
11. Primary Research
12. Key Industry Expert Insight
13. Secondary Research
14. Vital Data from Secondary Sources
15. Market Size Estimation
16. Data Validation & Triangulation
17. EXECUTIVE SUMMARY
18. MARKET DYNAMICS
19. Introduction
20. Drivers
21. Growing Importance of Manufacturing Quality Products
22. Economic Benefits Associated with ASTM Standards
23. Restraint
24. Wastage of Material Resources during Material Testing
25. Opportunities
26. Growing Demand from Plastic & Composite Processing Industries
27. Challenges
28. Economic & Political Uncertainties
29. INDUSTRY TRENDS — PORTERS FIVE FORCES ANALYSIS
30. Introduction
31. Power of Buyers
32. Power of Suppliers
33. Intensity of Competition
34. Challenges of Substitutes
35. Challenges of New Entrants
36. Macro-Economic Indicators
37. GLOBAL MATERIAL TESTING MARKET BY TYPE, Market Size in USD Million (2019–2027)
38. Introduction
39. Universal Testing Machines
40. Servohydraulic Testing Machines
41. Hardness Testing Equipment
42. Impact Testing Equipment
43. GLOBAL MATERIAL TESTING MARKET BY MATERIAL, Market Size in USD Million (2019–2027)
44. Introduction
45. Metals
46. Plastics
47. Rubber
48. Elastomer
49. Composites
50. Others
51. GLOBAL MATERIAL TESTING MARKET BY END-USE, Market Size in USD Million (2019–2027)
52. Introduction
53. Automotive
54. Construction
55. Aerospace & Defense
56. Educational Institutions
57. Others
58. GLOBAL MATERIAL TESTING MARKET BY REGION, Market Size in USD Million (2019–2027)
59. North America
60. US
61. Canada
62. Mexico
63. Europe
64. Germany
65. France
66. Italy
67. UK
68. Russia
69. Rest of Europe
70. Asia-Pacific
71. China
72. India
73. Japan
74. South Korea
75. Rest of Asia-Pacific
76. Middle East and Africa
77. Saudi Arabia
78. UAE
79. Rest of Middle East and Africa
80. South America
81. Brazil
82. Argentina
83. Rest of South America
84. COMPETITIVE LANDSCAPE
85. Introduction
86. Market Ranking/Share Analysis of Key Companies
87. Company Benchmarking
88. COMPANY PROFILES
89. Instron
90. Company Overview
91. Financial Overview
92. Products/Solutions/Services Offered
93. Key Developments
94. UL LLC
95. ZwickRoell GmbH & Co. KG
96. MTS Systems Corporation
97. Shimadzu Corporation
98. Tinius Olsen Ltd
99. AMETEK.Inc.
100. ADMET, Inc.
101. Hegewald & Peschke MPT GmbH
102. Applied Test Systems
103. Mitutoyo Corporation
104. TA Instruments
105. Torontech Inc
106. Qualitest International Inc.
107. Struers
108. Controls S.p.A.
109. Other Key Companies
110. APPENDIX
111. Key Industry Expert Insights
112. Primary Discussion Guide
113. Customization Options

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